Keyword: negative externality

A Good Fence Makes Good Neighbors (4/19/2001)

Fencing makes it easier to enforce property rights.

Keywords: enforcement costs, fence, negative externality, property rights, spillover costs

Green Tax (8/30/2001)

Taxing nonrenewable resources instead of labor income would create more jobs and encourage conservation while reducing pollution.

Keywords: carbon tax, climate change, eco-tax, energy-efficient technologies, environment, global warming, green taxes, greenhouse gas emissions, income taxes, labor income, natural resources, negative externality, pollution, tax revenues, tax shift

Happiness - Absolute or Relative? (6/4/2004)

If happiness depends on one's relative wealth, one will never be absolutely happy as long as there are others who are even richer.

Keywords: leisure, negative externality, relative happiness, status, wealth

One Road's Congestion Is Another Road's Revenue (12/21/2001)

Charging motorists for contributing to rush-hour congestion may be economists' dream of internalizing negative externality on toll roads but politicians' nightmare when competing highways are free.

Keywords: 91 Express Lanes, California Private Transportation, Caltrans, congestion pricing, external cost, negative externality, non-compete clause, Orange County, revenue, Riverside Expressway, toll road, traffic, value pricing